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  4. Summa Equity has sold its shares in Olink Holding AB (publ) to Thermo Fisher

Summa Equity has sold its shares in Olink Holding AB (publ) to Thermo Fisher

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1 min read

We are pleased to share that Summa Equity has sold its shares in Olink Holding AB (publ) (“Olink”) to Thermo Fisher Scientific Inc. (“Thermo Fisher”) in relation to their announced public cash tender offer of USD 26.00 per common share in cash, representing USD 26.00 per American Depositary Share (ADS) in cash.

Olink, a Summa Equity Fund II investment, develops and markets its unique technology for protein analysis in human protein biomarker research. Through its leading protein detection technology for analysis of human serum Olink has been an important factor in the progress of precision medicine enabling doctors to use the information about a person’s proteins to prevent, diagnose or treat a range of diseases.

For more information, please read the press release here.

For press inquiries please contact:

Hannah Jacobsen, Partner, COO and Head of Investor Relations
hannah.jacobsen@summaequity.com
+47 93 64 19 60

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  4. Carine Beer joins Summa Equity

Carine Beer joins Summa Equity

Summa Equity welcomes Carine Beer to the position as CPO of Via Summa.

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Central to the Summa mission is investing in companies which have the potential to outperform financially while helping solve environmental, social and governance challenges.

Summa takes an active and collaborative approach to ownership, which is called Via Summa. Carine Beer will play a leading role in this work, with a particular focus on leadership effectiveness.

I am delighted to join Summa, a team passionate about creating value and impact and a portfolio set to make a difference in the world. Together with Summa and the portfolio companies, I look forward to working on all aspects of leadership excellence.

Carine Beer, CPO of Via Summa

Carine Beer started her career at McKinsey & Company, where she spent nine years as a consultant, primarily in consumer goods and private equity and an additional eight years focusing on talent selection, cultivation, evaluation and development.

In 2012, Carine founded cb munich, focusing on structured talent selection within a variety of industries.

In 2018, Carine joined Occhio, one of the fastest growing premium lighting brands in Europe, and in her role as CHRO, managed all people- and culture-related aspects through growth and internationalization.

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  4. Report on climate and nature 2023

Report on climate and nature 2023

We are facing an existential environmental crisis. Climate change, depletion of natural resources, and biodiversity loss are all major issues that need to be addressed.

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  • Reports

4 min read

A forceful response is necessary, which will require a paradigm shift in human activity to mitigate and adapt to the impacts of these issues. It is vital that immediate action is taken to address these issues, as the longer we wait, the more difficult and costly it will be to solve them.

Summa Equity (“Summa”) has chosen to align with the frameworks Task Force on Climate-related Financial Disclosures (“TCFD”) and Taskforce on Nature-related Financial Disclosures (“TNFD”) to support the work of identifying and managing climate and nature-related risks and opportunities.

TCFD and TNFD framework

  • Governance

    A. Board of Directors
    B. Management
    C. Human rights

  • Strategy

    A. Identified impacts, dependencies, risks and opportunities
    B. Effects on Summa’s investment strategies
    C. Scenario analysis
    D. Geographical presence

  • Risk management

    A. Identification of impacts, dependencies, risks and opportunities
    B. Management of impacts, dependencies, risks and opportunities
    C. Integration of climate- and nature-related risks into risk management

  • Target and metrics

    A. Metrics for assessing risks and opportunities
    B. TCFD: Reporting concerning greenhouse gases. TNFD: Metrics of nature-related impacts and dependencies
    C. Targets

Governance

Summa’s management of climate and nature-related dependencies, impacts, risks, and opportunities

Summa is a purpose-driven, thematic investment firm that invests in and develops companies that provide new and innovative solutions for a more future-proof world. Summa is owned by its partners and the Summa Foundation.

Governance of our commitments and actions on climate and nature sits at the highest level of Summa – the Summa Board. The CEO has the overall responsibility for the operational work on climate change, depletion of natural resources, and biodiversity for Summa, but the strategic work is developed together with the thematic partners, the management team, and the impact director.

Strategy

The effects of climate- and nature-related dependencies, impacts, risks and opportunities on Summa’s business model and strategy

Summa was founded in 2016 with the aim of investing to solve global challenges. This means that Summa does not only manage the risks related to climate and nature, but also actively invests in companies that contribute to solving challenges related to climate and nature through their products and/or services. We fundamentally believe that this approach does not only futureproof the portfolio in terms of sustainability, we believe that it is also a prerequisite for good long-term financial returns. Summa integrates sustainability considerations, including climate and nature impacts throughout screening, analysis, due diligence, and the path to value creation.

Summa does not invest in certain sectors that are considered high-risk from a climate and nature perspective, e.g. fossil fuels, and mining.

Through active dialogue and collaboration, Summa also works to influence positive change within its portfolio, fostering a culture of sustainability and resilience, e.g. through impact roundtables where we invite representatives from the portfolio companies to discuss sustainability-related topics, including climate and nature.

In addition to risk mitigation, Summa seeks to capitalize on emerging opportunities arising from the transition to an economy within planetary boundaries. By investing in innovative solutions and technologies that address climate and nature-related challenges, Summa aims to generate positive environmental impact while delivering attractive returns for its investors.

Risk management

Identification, management, and integration in Summa’s overall risk management of climate and nature-related dependencies, impacts, risks, and opportunities

Summa has established processes to identify, assess, prioritize, and manage climate and nature-related risks throughout the investment process.

Climate and nature-related risks are systematically identified, assessed, and managed across the organization’s operations and investment portfolios. Summa integrates climate and nature-related risks into its overall risk management system and key risk indicators (“KRI”) reporting process. By incorporating climate and nature considerations into its risk management framework, Summa strives to mitigate potential adverse impacts on financial performance, operations, and stakeholder trust.

Metrics & targets

Metrics and targets used to assess and manage climate- and nature-related impacts, dependencies, risks and opportunities

Given the size of the companies Summa invests in, there are certain limitations to the data available on climate and nature, especially regarding supply chains. During our ownership, we support portfolio companies to become more mature on all climate and nature-related aspects, including identification, prioritization, management, and reporting.

All portfolio companies are required to report their GHG emissions and other sustainability-related information on an annual basis. The reported data is used to measure nature impacts based on Life Cycle Assessment (“LCAs”) in line with the European Commission’s Environmental Footprint (“EF”) method and use sector-based data through the ENCORE tool for a top-down assessment of the portfolio.

Summa has set Science-Based Targets (“SBTs”) for climate, including a commitment to align portfolio companies’ emissions reductions initiatives with the Science-Based Targets Initiative, ensuring that our investments contribute to global decarbonization efforts. Summa is still evaluating concrete nature-related targets, but the overall objective is to contribute to a positive development where nature, including biodiversity, ecosystems, and natural capital, is protected and thrives.

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  4. Summa Equity acquires FAST LTA, a leading German provider of secure data storage and archiving solutions

Summa Equity acquires FAST LTA, a leading German provider of secure data storage and archiving solutions

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4 min read

STOCKHOLM, MAY 2ND: The thematic investment firm Summa Equity (“Summa”) has acquired a majority stake in FAST LTA GmbH (“FAST LTA”) with the ambition of building a new sustainable champion in secure and compliant data storage.

Headquartered in Munich, Germany with around 100 employees, FAST LTA is a solution provider offering cutting edge high-security storage for archiving and backup & recovery of business critical and sensitive data. The protection of valuable data is a fundamental right[1] that is increasingly under threat. With both software and hardware solutions to ensure protection against e.g., ransomware and other cybersecurity challenges, FAST LTA specializes in providing zero loss storage solutions. The revenue of the company was EUR 25m in 2023 with a strong growth projection.

Investing from its EUR 2.3bn Article 9 Fund III, the acquisition builds on Summa’s proven track record of shaping portfolio companies’ value creation strategy to drive long-term value and solve pressing global challenges.

“Critical industries like healthcare and the public sector are confronted with an escalating challenge in an age of growing data quantity and complexity as well as an increasing number of cyber-attacks, and FAST LTA offers a compelling technology solution to solve these challenges. By investing in FAST LTA, we further increase our efforts to partner with companies that help address crucial (cyber)security challenges, a core thematic focus within our tech investment strategy.”

Matthias Fink, Partner at Summa.

Summa’s acquisition will allow FAST LTA to continue the strong historic growth trajectory while exploring adjacent and international growth opportunities. This will further strengthen the competitive edge of FAST LTA and position the company as a champion for highly secure and compliant data storage and archiving solutions. The company’s strong reputation has secured an extensive network of 40+ high-profile technology partners and 60+ reputable resellers. FAST LTA differentiates itself from other data protection providers by having highly secure technologies at an attractive total cost of ownership with an unparalleled reputation as the trusted partner of choice for for businesses that need to protect their valuable data against miss-use and loss.

“Cyber-attacks are far from going away, and companies and organizations need to protect their sensitive data against leaking, manipulation, or loss. Our unique combination of hardware, software and services provide best-in-class data protection and data privacy. With the help of Summa, we are committed to further strengthen our relationships with customers and partners, continue to innovate for the benefits of providing secure storage solutions, and expand to offer our solutions in new markets. We are proud to be chosen by Summa, known as very tech-savvy and eco-aware investors.”

Steffi Körner, CEO at FAST LTA.

”Balancing the need for data security with environmental sustainability requires a holistic approach, where innovation meets regulatory compliance to pave the way towards resilient, energy-efficient data ecosystems. While securing the highest level of data protection, FAST LTA’s customers have the possibility of saving more than 70% in energy consumption compared with similar solutions, depending on the use case.”

Christian Melby, Partner and CIO at Summa.

The acquisition of FAST LTA is being made within Summa’s Tech-Enabled Transformation investment theme and contributes positively to UN Sustainable Development Goal #16.10 and #13.2.

The acquisition is pending regulatory approvals and is expected to close in June.

About FAST LTA

FAST LTA is the specialist for secure secondary and long-term storage systems for sensitive data. The combination of durable and low-maintenance hardware, integrated data protection and on-site service contracts with a term of up to 10 years ensures long-term, cost-effective storage of data from archive and backup applications. In-house developments such as local erasure coding, sealing using hardware WORM and efficient energy management help medium-sized customers to protect themselves against data loss due to ransomware attacks and misconfiguration and to comply with regulatory and legal requirements (GDPR). The solutions from the Munich-based provider have proven themselves in thousands of installations in healthcare, public administration, services and industry & commerce.

https://www.fast-lta.de/en

About Summa

Founded in 2016, Summa is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges.

Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. Investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society.

The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Partnerships are part of Summa’s DNA, exemplified by being a certified B Corporation and collaborating with Harvard Business School and the International Foundation for Valuing Impacts (IFVI).

www.summaequity.com

 

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

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  4. Summa Equity partners with STIM AS to advance fish health and sustainability in aquaculture

Summa Equity partners with STIM AS to advance fish health and sustainability in aquaculture

Through a strategic partnership, the companies will collectively pursue their shared objective of aquaculture innovation and improved fish health.

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3 min read

STOCKHOLM, 4 MARCH 2024: Summa Equity (“Summa”) today announces its investment in fish health market leader STIM AS (”STIM”), partnering with its founder Jim-Roger Nordly.

Aquaculture is one of the key building blocks in the sustainable food system of the future due to its low carbon footprint, scalability, and high feed efficiency. But as a young industry it faces challenges related to fish welfare and mortality. Solving these challenges through disease prevention, sound production protocols, genetics and nutrition will be key to unlock the industry’s full potential. STIM is ideally positioned to take the lead role in that transformation.

Martin Gjølme, Partner at Summa

STIM is the aquaculture industry’s largest quality supplier of fish health products and services, with several ground-breaking innovations under its belt. For over three decades STIM has contributed to a more sustainable aquaculture industry by providing transformative innovations that improve fish health, growth, and profitability. The company is well-positioned in several markets through its knowledgeable teams and unique cross-disciplinary competence. The gross revenue of the company was north of EUR 150m in 2023.

The partnership with Summa is motivated by STIM and founder Jim-Roger Nordly’s drive to establish new growth verticals, intensify product development and expand its service-offering in aquaculture worldwide.

I am convinced that Summa is the right strategic and long-term partner for us. They recognize that our employees’ expertise and efforts is the bedrock of this company. With Summa on our side, I am confident that STIM can become the world leader within sustainability and health, not just within the salmon industry, but for the seafood industry as a whole. There is a huge demand for advisory services within this sector, and that is something we have our eyes on.

Roger Nordly, Chairman and Founder of STIM

We have followed STIM’s journey since the inception of Summa. STIM’s expertise within fish health and biology is unparallelled, and with Summa’s long-term perspective and track record in the aquaculture industry, we are certain we can be a true partner to solving some of the largest challenges the industry is facing.

Martin Gjølme, Partner at Summa

Summa will be an important partner as we expand our strategic initiatives across existing and new markets. That being said, my focus is always to maintain business as usual at STIM. Our priority is to deliver products, services, solutions, and advice that contribute to positive biological outcomes and growth for our customers.

Carl-Erik Arnesen, CEO of STIM

The acquisition of STIM is being made by Summa Equity Fund III and contributes positively to UN Sustainable Development Goal #2.4 (‘Zero Hunger’ – sustainable food production) and #14.4 (‘Life Under Water’ – sustainable fishing).

About STIM

STIM is the aquaculture industry’s largest quality supplier of fish health products and services, with several ground-breaking innovations under its belt.

STIM strives for a holistic perspective, building on the experience from vaccines and pharmaceuticals with the expertise that lies in our broad range of services in fish health services, marine environmental surveys, support for area applications and plans, as well as regulatory advice.

After 33 years side by side with the aquaculture industry, STIM is in a unique position as a supplier of both expertise, products, and services – all the way from planning to processing. STIM is established in Norway, Chile, UK, and Canada.

About Summa

Founded in 2016, Summa is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges.

Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. Investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society.

The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Partnerships are part of Summa’s DNA, exemplified by being a certified B Corporation and collaborating with Harvard Business School and the International Foundation for Valuing Impacts (IFVI).

www.summaequity.com

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

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  4. Summa Equity has sold its shares in Pagero Group AB (publ) to Thomson Reuters

Summa Equity has sold its shares in Pagero Group AB (publ) to Thomson Reuters

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1 min read

We are pleased to share that Summa Equity has sold its shares in Pagero Group AB (publ) (“Pagero”) to Thomson Reuters in relation to their announced public cash offer of SEK 50 in cash per share.

Pagero, a Summa Equity Fund I investment, develops and markets Pagero Online, which enables customers to send, receive, and handle documents electronically with accurate data in the purchase-to-pay, order-to-cash, and logistics-to-pay processes. Pagero Online improves business regulatory compliance, whilst also helping to reduce the VAT gap and increase tax recovery, thus benefiting governments worldwide.

For more information, please read the press release here.

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  4. Summa Equity pioneers an Article 9 continuation vehicle, accelerating the shift towards a global circular economy

Summa Equity pioneers an Article 9 continuation vehicle, accelerating the shift towards a global circular economy

Summa Equity (“Summa”) announces the closing of Summa Circular, an Article 9 continuation fund for NG Group (“NG”), a leading Nordic provider of circular solutions and environmental services.

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5 min read

Stockholm, December 5th, 2023: Summa announces the closing of Summa Circular with an investment in NG, a company originally acquired by Summa Fund I in 2018. Ownership of NG is thus transferred from Summa Fund I to Summa Circular. The ~EUR 550m transaction will allow Summa and the NG management team to continue executing their value creation plan by capturing the expanding market opportunity stemming from the shift towards a circular economy. The transaction will provide NG with additional capital to accelerate its organic and inorganic growth, building on the successful integration of multiple acquisitions during Summa’s ownership to date, such as Mirec and Letbek.

The transaction attracted interest from leading secondary investors, led by Quilvest Capital Partners (backed by Quilvest SA) and Unigestion SA, alongside existing and new Summa LPs, as well as the NG management team and employees. This transaction showcases strong conviction for a market-leading asset driving the transition to a circular economy. Summa and the NG management team will remain heavily invested, with additional investment from Summa Fund III, offering further alignment as part of the transaction. Summa Circular provides investors with an opportunity to invest in one of the first Article 9 continuation vehicles globally, at a time when many investors are looking to increase their exposure to impact and sustainability.

A report by Summa in 2023 identifies EUR 230bn in investment needs by 2040 for new physical assets and infrastructure to enable the transition to a circular European economy. Throughout the holding period of Fund I, Summa has led NG through years of value-accretive growth, buy-and-build integration and service offering expansion. NG has evolved from a local aggregator of waste companies to a critical player in the Nordic material system value chain.

“The continuation vehicle sets the stage for NG to take the lead in propelling the Nordics toward a circular economy. We are pleased to see strong commitments from many of our existing LPs, who continue to demonstrate their support for our vision for NG. We’re equally excited to welcome new investors into the fund, further strengthening our vision for a sustainable and circular future.”

Hannah Gunvor Jacobsen, Partner, COO, and Head of IR of Summa

“We are excited to continue our journey with Summa once again through Summa Circular. This new capital allows us to accelerate our mission of transforming waste management and contributing to a circular and more sustainable future. With Summa’s continued support, NG is ready to consolidate its position as a key enabler of the Nordic circularity transition, driving positive change in our region.

Bjørn Arve Ofstad, Group CEO of NG

“The closing of Summa Circular marks a significant milestone for Summa and our long-term portfolio company, NG. This transaction not only underscores our commitment to impact investing but also positions NG as a pivotal player in the Nordic circular economy with tremendous market opportunities ahead.”

Bertrand Camus, Thematic Partner of Summa

UBS acted as exclusive secondary advisor to Summa. Ropes & Gray, Mannheimer Swartling and Wikborg Rein acted as legal advisors, McKinsey and PwC covered commercial, financial and tax due diligence and Houlihan Lokey acted as fairness opinion provider. The lead investors were advised by Proskauer Rose.

About NG Group

NG Group (“NG”) is a leading Nordic provider of circular solutions, committed to expediting the shift towards a circular economy. NG controls and manages a critical part of the Nordic waste management infrastructure through a large modern asset base. The group has a strong upstream presence in waste collection, logistics, sorting, pre-processing, and trading, and downstream presence in material recycling and recovery, aiming to be the pioneer in circular as well as clean energy solutions.

NG has more than 2200 employees, handles 2,3 million tons of waste and had a revenue of NOK 8.2 billion in 2022. The group is present in Norway, Sweden, Denmark, Finland, Poland, and the UK.

www.nggroup.no

About Summa Equity

Founded in 2016, Summa Equity (“Summa”) is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges.

Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. The investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society.

The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Partnerships are part of Summa’s DNA, exemplified by being a certified B Corporation and collaborating with Harvard Business School and the International Foundation for Valuing Impacts (IFVI).

summaequity.com

For interviews or more information, please contact:

Hannah Gunvor Jacobsen, Partner, COO and Head of IR at Summa Equity
+47 936 41 960 | hannah.jacobsen@summaequity.com

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The case for scalable regenerative agriculture 

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  4. Mathem and Oda are merging: Becomes the largest online grocery retailer in the Nordics

Mathem and Oda are merging: Becomes the largest online grocery retailer in the Nordics

Oda, the leading online grocery retailer in Norway, has entered into an agreement to merge with Mathem, Sweden’s counterpart, and now the two companies will join forces. Together they will become the Nordic market leader with a combined revenue of over five billion NOK.

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3 min read

Oda, the leading online grocery retailer in Norway, has entered into an agreement to merge with Mathem, Sweden’s counterpart, and now the two companies will join forces. Together they will become the Nordic market leader with a combined revenue of over five billion NOK.

Both Oda and Mathem have been pioneers in successfully challenging traditional market players and driving the evolution of online grocery retail. Mathem in Sweden since 2006 and Oda in Norway since 2013. Oda’s in-house logistics platform has set industry-leading standards for operational efficiency. Together with Mathem’s strong market position and industry experience, they will now form an even stronger player in the Nordic market.

With the combined strength of the two entities, significant economies of scale will benefit customers and create a more competitive player in the market.

This merger is a game-changer for the Nordic online grocery market. Oda is excited to join forces with Mathem to accelerate our journey towards becoming Europe’s most efficient online grocery store. The scale of our combined companies will help set new standards for quality, efficiency, and customer experience.

Karl Munthe-Kaas, CEO in Oda

Mathem will continue to operate under its well-established brand in Sweden. With Oda’s logistics platform the turn-around of Mathem’s growth trend will speed up and higher efficiency will enable increased quality and lower prices.

Mathem has come a long way in strengthening efficiency, but we are still chasing profitability in a market that is tough due to challenging macroeconomic conditions. The merger means that Mathem can increase the scale of our business, as well as further increase efficiency thanks to Oda’s world-leading logistics platform and thus sharpen our customer offering even more, especially when it comes to price and quality, says Johan Lagercrantz, Managing Director of Mathem.

Johan Lagercrantz will continue to lead Mathem in Sweden, with André Knüppel from Oda joining as co-country manager. Karl Munthe-Kaas will continue to be the global CEO of Oda Group.

Oda and Mathem already have joint owners in Kinnevik and Verdane. In addition to these, the deal is also supported by the companies’ boards and other major shareholders Axfood and Summa Equity, which also remains the largest shareholders.

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  4. Summa Equity celebrates two years as a Certified B Corp

Summa Equity celebrates two years as a Certified B Corp

We are very excited to celebrate the two-year anniversary of Summa as a Certified B Corp.

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2 min read

Summa was one of the earliest companies in the Nordics and one of only a hand-full of private equity firms to meet the standard. Certified B Corps are leaders in the global movement for an inclusive, equitable, and regenerative economy. The movement represents a desire to make business a more positive force for the future of the world.

We had two main goals when we started our journey. Firstly, we wanted to aim for a high standard and promote the B Corp ideal as the way forward in our industry, as well as for businesses in general. Secondly, we wanted to get an objective view of our own performance as an investor focused on positive change. Through the rigorous certification process we examined the approach and outcomes related to our core stakeholder groups; portfolio companies, LPs, employees, suppliers, our communities and the environment. By using the B Impact Assessment, we learned a lot about the opportunity to enhance our impact by improving and building upon our current processes.

 

When we started learning about B Corps five years ago, the B movement in the Nordics was still in its infancy. Today it is a rapidly growing community with more than 100 companies certified. We are excited to be part of this story and will continue developing our approach and learning more about how to make business and investment a greater force for good!

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  4. Kees Kruythoff and Göran Lindö joins Summa Equity as thematic experts

Kees Kruythoff and Göran Lindö joins Summa Equity as thematic experts

Stockholm, 26 October 2023: Summa Equity (“Summa”) welcomes two new members to the team: Kees Kruythoff has joined the company to work with Sustainable Foods, a subtheme within the Resource Efficiency investment theme, and Göran Lindö will be working with Summa’s Tech-Enabled Transformation investment theme.

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3 min read

Stockholm, 26 October 2023: Summa Equity (“Summa”) welcomes two new members to the team: Kees Kruythoff has joined the company to work with Sustainable Foods, a subtheme within the Resource Efficiency investment theme, and Göran Lindö will be working with Summa’s Tech-Enabled Transformation investment theme.

Kees spent 27 years at Unilever, his final eight years within the global Unilever Executive team, first as President, North America and following that, as President, Global Home Care. At Unilever, Kees led implementation of the Unilever Sustainable Living Plan, a sector-defining body of work and a globally impactful project with far-reaching implications for the intersection of business and climate action.

Since leaving Unilever in 2019, Kees has continued to work on projects related to climate change, sustainability, and the business response to future-proofing the planet. Among several other roles, past and present, Kees is currently a Senior Advisor to Bain Capital with a focus on food, agriculture, and sustainability.

On joining Summa, Kees said: “My personal motto, which I bring to my work, is: Be Fearless, Be Useful, Be Kind. I see parallels between this set of beliefs and Summa’s work. Where others see challenges or problems, Summa sees opportunities to solve era-defining issues – and provide leadership on future-critical topics, such as on food systems and agriculture.”

Kees Kruythoff

Göran has over 25 years of experience, focusing on technology, growth, and innovation – with a passion for purpose and sustainability. He’s been a founder, Vice President, CEO, and board member across a range of industries and brings a strong track-record and know-how around growth, business development, operational excellence, M&A, and financing.

In the last 5 years, Göran spent as CEO of EcoOnline, taking it from a EUR 9m Nordic chemical safety niche player to a EUR 90m ARR international Environment Health & Safety platform provider with 10,000 SaaS customers. This was done through 30% organic growth p.a. in parallel with 12 acquisitions and important product innovations while building an engaged, purpose-infused, talented team.

Commenting on his new role at Summa, Göran said: “Fundamentally, tech innovation and growth go hand in hand with sustainability and purpose. Business goals and long-term positive impact are non-competing, as Summa and I have first-hand experience in our joint EcoOnline journey. In my role at Summa, I will strive to support and inspire the tech-enabled portfolio companies as they grow and increase their impact”.

Göran Lindö

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